BOC International: Upgrading the target price of Corning Jerry Pharmaceuticals (09966) to HK$13 to upgrade the rating to “buy”

The Zhitong Finance App learned that BOC International released a research report saying that it is optimistic about the huge global market potential of the Corning Jerry Pharmaceuticals (09966) ADC product matrix, raised the 2025-27 revenue forecast by 3-8%, raised the target price to HK$13, and upgraded the rating to “buy.” The bank believes that with KN026 and JSKN003, the company is expected to achieve full coverage of breast cancer, expand the use of other HER2-expressing solid tumors, and have a place in the HER2 circuit with a differentiated layout.